Tesla Inc. stock rallied more than 6% late Wednesday after the Silicon Valley car maker reported quarterly earnings that topped Wall Street views and set a goal to “comfortably” sell more than 500,000 vehicles this year. Tesla TSLA, +2.49% said it earned $105 million, or 56 cents a share, inRead More →
Amazon.com, AT&T Inc., DHL Express USA Inc. and other select companies with major delivery fleets and their accompanying heavy carbon footprints are banding together for an electric-vehicle collaboration expected to keep up the pressure on the EV industry and the corporations that dominate American roads. The group comes together underRead More →
© Reuters. A Tesla Model S steering wheel is on display at the Canadian International AutoShow in Toronto By David Shepardson WASHINGTON (Reuters) – The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate and recall 500,000 Tesla (NASDAQ:) IncRead More →
SHANGHAI (Reuters) – General Motors Co’s (N:) vehicle sales in China fell 15% in 2019, as the U.S. automaker suffered a prolonged sales slowdown in the world’s biggest auto market and faced heightened competition in its key mid-priced SUV segment. GM, China’s second biggest foreign automaker, delivered 3.09 million vehiclesRead More →
© Reuters. FILE PHOTO: Paris Auto Show By David Shepardson WASHINGTON (Reuters) – German automaker Daimler AG (DE:) said on Saturday it will recall 744,000 Mercedes-Benz vehicles in the United States from the 2001 through 2011 model years because the sunroof glass panel could detach and pose a hazard. TheRead More →
By Mahmoud Mourad CAIRO (Reuters) – The number of Egyptians switching to duel-fuel vehicles is accelerating as the government pushes motorists to use cheaper, cleaner and plentiful . About 300,000 vehicles, mostly taxis and minibuses, have been converted to duel-fuel systems since the 1990s — a small fraction of theRead More →
By David Shepardson WASHINGTON (Reuters) – California said on Monday it will halt all purchases of new vehicles for state government fleets from GM, Toyota and Fiat Chrysler and other automakers backing President Donald Trump in a battle to strip the state of authority to regulate tailpipe emissions. Between 2016Read More →
By Kanishka Singh (Reuters) – Japan’s Nissan Motor Co Ltd (T:) has said it is recalling 394,025 cars in the United States over a braking system defect, causing concerns that a brake fluid leak could potentially lead to a fire. The leak into internal circuit boards will trigger a warningRead More →
The vehicles that have historically supported an outdoor-driven lifestyle have typically been old trucks, big lumbering SUVs and utilitarian vans, none of which are particularly fuel-efficient. Given the short-term benefits a fuel efficient vehicle can offer on a long distance road trip to a remote place, and the long-term benefitsRead More →
© Reuters. File photo of Mercedes-Benz logo pictured before company’s annual news conference in Stuttgart By Ludwig Burger FRANKFURT (Reuters) – German carmaker Daimler is recalling hundreds of thousands of Mercedes-Benz vehicles including Sprinter van models over diesel emissions issues. Daimler said late on Friday that Germany’s road traffic regulatorRead More →
© Reuters. FILE PHOTO: A GMC 2016 Yukon Denali pickup truck is displayed on the show floor as carpenters work on the GMC display stand before press days of the North American International Auto Show at Cobo Center in Detroit By David Shepardson WASHINGTON (Reuters) – General Motors Co (N:)Read More →
SHANGHAI (Reuters) – U.S. electric vehicles maker Tesla Inc (O:) said on Friday it had raised prices for some vehicles in China, a decision that comes as the trades at its weakest levels in more than 10 years. The starting price for the Model X sport utility vehicle (SUV) wasRead More →
© Reuters. FILE PHOTO: A Volvo logo is pictured on the stand during the 87th International Motor Show at Palexpo in Geneva STOCKHOLM (Reuters) – Sweden’s AB Volvo is joining forces with U.S. chipmaker Nvidia to develop artificial intelligence used in self-driving trucks, the companies said on Tuesday. The agreementRead More →
© Reuters. U.S. President Donald Trump meets with Japan’s Prime Minister Shinzo Abe in the Oval Office at the White House in Washington WASHINGTON (Reuters) – U.S. President Donald Trump pressed Japanese Prime Minister Shinzo Abe to have Japanese automakers produce more vehicles in the United States, according to aRead More →
© Reuters. Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin WASHINGTON (Reuters) – The U.S. National Highway Traffic Safety Administration said Tuesday it is expanding a probe into potentially defective air bags to 12.3 million vehicles. The agency said the air bags were installed in some vehicles from modelRead More →
Tesla Inc. said late Wednesday it delivered about 63,000 vehicles in the first quarter, significantly fewer than analysts had expected. Analysts surveyed by FactSet has expected 76,000 deliveries, with about 54,600 of those being Model 3 sedans. Tesla TSLA, +2.07% said only about 50,900 Model 3s were delivered. TheRead More →
© Reuters. FILE PHOTO: A 2012 Kia Soul, whose design is inspired with ideas from LPGA golfer Michelle Wie, is seen at the LA Auto Show in Los Angeles By David Shepardson WASHINGTON (Reuters) – Kia Motors Corp and affiliate Hyundai Motor Co said on Thursday they are recalling aroundRead More →
© Reuters. The Kia logo is seen at the North American International Auto Show in Detroit, Michigan WASHINGTON (Reuters) – Kia Motors Corp (KS:) said on Wednesday it is issuing a new recall for 68,000 U.S. vehicles at risk of fuel leaks after it previously recalled them in 2017 forRead More →
